Record July edges up market forecast

July new car registrations climbed 0.6 per cent to a record 196,762 units 2003 forecast pushed up, market expected to break 2.5 million barrier Year-to-date market up on historic 2002 figures Commenting on the new car registrations data, SMMT chief executive Christopher Macgowan said, ‘July new car registrations have continued the rising trend with figures up on 2002’s ground-breaking results for the first time this year. The last two months have seen registrations climb, although the market is expected to ease towards the end of the year. We now expect the year to close just under 2002’s total, at 2.52 million units, making 2003 the second highest year on record.’ Notes to editors 1. New car registrations in the UK are now expected to reach 2.52 million units in 2003. This will make 2003 the second highest total on record. In 2002 registrations hit 2,563,631 units and 2,458,769 in 2001. 2. July new car registrations hit 196,762 units, up from 195,637 in 2002 and 173,038 in 2001.DownloadClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)